Bitcoin price tags $86K as analysis sees crypto in ‘new bull market’
Cointelegraph reports that Bitcoin's price surged above $86,000 on Monday, reaching a 33-week high of $86,332, following a nearly 6% increase as US stocks also rose and oil prices declined. Analysis from The Kobeissi Letter describes a "new bull market" in crypto, citing nearly $800 million in short liquidations over 24 hours and a 50% gain for BTC/USD over two months. Some analysts, like Rekt Capital, see this as a breakout from a multi-year downtrend, with potential targets between $86,681 and $93,659. However, experts also note the importance of net buying support and expanding open interest to confirm further upward momentum.






















